In a recent interview on market trends, Franklin Templeton President and CEO Jenny Johnson expressed optimism about the role Bitcoin will play as a key player in the blockchain world, describing Bitcoin as the next real opportunity.
Franklin Templeton, which has $1.5 trillion in assets under management, recently launched its spot Bitcoin ETF following SEC approval.
As a guest on a financial news program, Johnson shared his views on the performance of the Bitcoin ETF and the evolving landscape of blockchain technology. The conversation discussed the market’s initial reaction to the ETF and the potential trajectory of investor interest.
“I’ve been known to say that Bitcoin is the big spotlight on blockchain, which is one of the biggest transformations in financial services,” Johnson said. While Bitcoin is an important component, blockchain technology holds the key to various investment opportunities, she said.
Emphasizing the company’s commitment to blockchain, Johnson announced that Franklin Templeton has launched a tokenized money market fund on the Stellar blockchain, becoming the first traditional asset manager to do so.
Addressing the fear component associated with Bitcoin, Johnson shared anecdotes from global conversations in which people stated that they used BTC as a safeguard against potential asset foreclosures in their countries.
Additionally, Johnson noted that Bitcoin is just one aspect of the more general blockchain space. The CEO sees blockchain technology as a catalyst that will pave the way for various investment opportunities, adding that it has made it an important focus for Franklin Templeton.
*This is not investment advice.
